RIL Becomes First Indian Company to Post Earnings Call On Metaverse: Reliance Industries Limited (RIL) posted the proceedings of its Q2 FY 2022-23 earnings call on the metaverse. The usage of metaverse by a firm to interact with its stakeholders is a first in the history of corporate India.
October 2022 Current Affairs Quiz
A Great Accomplishment:
The RIL metaverse was produced in partnership with GMetri, a no-code metaverse creation platform. One doesn’t need to wear an AR/VR headgear to access it. Using it, analysts across the world tracking the company can toggle with slides and graphics placed on different screens as per the multiple buckets in the results presentation. They can also download a copy of the RIL Q2 22-23 media release and media and analyst calls in PDF format. The RIL metaverse also has a special section comprising quotations from RIL Chairman and Managing Director, Mukesh Ambani.
Metaverse: The Word Meaning:
Metaverse is a combination of the words ‘meta’ and ‘universe’. ‘Meta’ means ‘Beyond’. So metaverse is a universe that is beyond the universe as we know it. It exists in the virtual realm but feels just as real.
Everything You Need to Know About the Metaverse
- The elements of the metaverse will come from both the physical and virtual worlds.
- The metaverse will be decentralized (just like the internet).
- Nobody owns the metaverse like how nobody owns the internet. It is an open platform.
- There will be many companies and individuals that will operate their own spaces within the virtual world.
- A metaverse is a form of mixed reality ie a combination of augmented and virtual reality.
- Metaverse will introduce digital elements in the real world.
- 3-D virtual spaces will be supported by Metaverse.
- 3D spaces in the virtual world will let you socialize, learn, collaborate and play in ways that go beyond what we can imagine.
• According to Facebook, social connection is evolving to the metaverse.
• The metaverse is anticipated to broaden the internet by fusing digital realms including social media, cryptocurrency, virtual reality, and augmented reality with online gaming.
